Nippon Life India Asset Management's Stock Sees Dip, But Still Considered 'Buy' by MarketsMOJO
Nippon Life India Asset Management, a leading finance and non-banking financial company (NBFC), has recently seen a dip in its stock performance. On October 22, 2024, the company's stock lost -3.14%, underperforming the sector by -2.07%. This marks the fourth consecutive day of losses for the stock, with a total decline of -5.52% during this period.
Despite this recent dip, Nippon Life India Asset Management's stock is still considered a 'Buy' by MarketsMOJO, a leading stock analysis platform. The stock has been a part of the Momentumnow Stocks on MarketsMOJO since June 6, 2024.
In terms of price performance, Nippon Life India Asset Management's stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average. This indicates a mixed trend in the short term, but a positive trend in the long term.
On October 22, the stock touched an intraday low of Rs 680.3, a decline of -2.95%. However, the stock's 1-day performance of -3.17% is still better than the Sensex's performance of -0.20%. In the past month, Nippon Life India Asset Management's stock has outperformed the Sensex with a return of 2.15% compared to the Sensex's -4.21% return.
Overall, Nippon Life India Asset Management remains a strong player in the finance and NBFC industry, with a positive long-term outlook. Investors can continue to monitor the stock's performance and make informed decisions based on their investment goals.
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